Gonna wait to finish the D1 continuation pattern to find a long entry for this week (Gustav may help).
I know that the way I fib isn’t 100% correct in the eyes of most traders, my reason is that I start after a ranging price and see the new move as a new trend. I was researching in the net but couldn’t find anything that says that I’m COMPLETLY wrong. So my long target will be my 32.8 fib = 1.4975 – 10 pips.
Don’t follow that if you’re not sure to do so on your own chart! Everyone has a different style and risk appetite.
I know that the way I fib isn’t 100% correct in the eyes of most traders, my reason is that I start after a ranging price and see the new move as a new trend. I was researching in the net but couldn’t find anything that says that I’m COMPLETLY wrong. So my long target will be my 32.8 fib = 1.4975 – 10 pips.
Don’t follow that if you’re not sure to do so on your own chart! Everyone has a different style and risk appetite.